HONG KONG – Hongkong Land today announced “Tomorrow’s CENTRAL”, its upcoming plan to invest over US$400 million (HK$3.1 billion) to expand and upgrade its LANDMARK retail portfolio over a three-year period, with phase one commencing in the third quarter of 2024.
Additional capital investments of an estimated US$600 million (HK$4.7 billion) will be made by Hongkong Land’s retail tenants across the LANDMARK portfolio in the design and creation of new offerings.
As part of the transformation project, 10 world-class, multi-storey Maison destinations will be created, establishing a unique luxury retail proposition, both in Hong Kong and globally.
Hongkong Land is making this strategic investment to meet its luxury tenants’ demand for significant additional retail space and enhanced brand representation in the heart of Central, Hong Kong.
The Maison destinations will be some of the largest anywhere in the world, providing exceptional services and amenities to LANDMARK’s deep pool of loyal and discerning clients.
The Group’s investment and the substantial investment from its strategic retail tenants underscores LANDMARK’s, Central’s and Hong Kong’s continuing status as one of the world’s leading luxury destinations.
